Monthly Archives: September 2017

Dutch court rejects Betsson’s bid to clip gaming regulator’s wings

Online gambling operator Betsson AB has lost its bid to challenge the Netherlands’ gaming regulator’s right to take enforcement action against online gambling sites it doesn’t like.

A couple months back, the Kansspelautoriteit (KSA) regulatory body announced that it was taking “a new step in combating remote gambling,” which the KSA insists remains 100% illegal in the Netherlands until Dutch legislators get their act together and approve their long-overdue Remote Gaming Bill.

The KSA is already one of Europe’s more aggressive regulators in terms of taking enforcement action against internationally licensed online gambling sites targeting Dutch punters. But the new rules dramatically broadened the scope of what qualifies as punishable behavior, and some operators felt the KSA was getting too big for its britches.

Betsson, which operates the Dutch-facing Kroon Casino and Oranje Casino online gambling brands, filed a legal challenge in The Hague based on its belief that its Dutch-facing brands had complied with the KSA’s previous policies, as well as the fact that the KSA’s failure to launch enforcement action against these brands amounted to a de facto toleration of the sites’ activity.

Goa warns beached casino: pay for environmental damage or else

Casinos in the Indian state of Goa will finally be forced to deny entry to local residents under the terms of new gambling regulations.

On Friday, the Times of India reported that the Goa government’s law department had given in-principle approval to draft gambling regulations. The proposed changes to the 2012 Prevention of Gambling Act must now be approved by the home minister before being submitted to cabinet for the final okay.

Among the changes in store for the state’s five floating casinos and the dozen or so land-based venues is a blanket ban on all Goans setting foot on a gaming floor. This restriction has technically been on the books since the Act was passed but legislative lethargy meant the rules were never formalized.

Casinos will also face increased oversight via the appointment of a new gaming commissioner, who will be selected from either the state government ranks of the Indian Administrative Service. In addition to ensuring that Goa-licensed casinos mind their Ps and Qs, the commissioner will also be tasked with uncovering any efforts by casinos to disguise their true gaming revenue with the intent of reducing their tax obligations.

Svenska Spel growth outpaced by international gambling sites

Sweden’s state-owned online gambling operator enjoyed double-digit growth in the first half of 2017 but still got outperformed by internationally licensed online rivals.

Figures released this week by the Lotteriinspektionen gaming regulatory body show overall gaming market turnover of slightly more than SEK 11b (US $1.38b) in the six months ending June 30, a 3% improvement over the same period last year.

The state-owned Svenska Spel monopoly reported its total turnover falling 2% to SEK 4.3b, as online gambling gains (SEK 1b, +12%) weren’t enough to offset land-based declines (SEK 3.3b, -5%).

By contrast, “non-Swedish actors” beaming their digital signals into the country reportedly saw their Swedish market turnover jump 17% to SEK 2.65b. The sum generated by these international sites represents nearly one-quarter of the overall Swedish market, up one point from Q1’s share.

Aristocrat: Dolphin Treasure slot passed strict standards

Australian-listed game technology provider Aristocrat Leisure has insisted that their slot machines is “in no way” deceptive, especially after it passed the strict regulatory standards.

The embattled pokies manufacturer took the witness stand on Thursday, according to The Sydney Morning Herald, and shot down the allegations of former problem gambler Shonica Guy that the design of their pokies machine had misled and deceived players.

In her suit, Guy claimed that Aristocrat’s “Dolphin Treasure” was designed to fool them into thinking they have won when they have not. There are 38 Dolphin Treasure machines in Crown Casino in Melbourne.

But representative told the court that it is impossible for Guy to be misled by the machines, especially when there are “plethora” of explanatory information about the game in brochures and online.

Lawrence Ho unloads $21.3M shares in Summit Ascent

Chinese casino mogul Lawrence Ho has reduced his stake in the company tasked to develop the Tigre de Cristal casino resort in the Russian Far East.

In a regulatory filing, Ho announced before the HongKong Stock Exchange last week that he is unloading 8.31 percent of his shares in HongKong-listed Summit Ascent Holdings Ltd. The move reduced his direct holding in Summit Ascent from 27.06 percent to 18.75 percent.

The shares that Ho sold was worth HKD166.7 million (US$21.3 million).

Ho didn’t offer any explanation on why he decided to cut his stake in Summit Ascent. Even his company declined to comment on the matter since the issue was about the casino mogul’s personal investment.

Betting on Sports 2017 day 2 recap

Sports betting professionals from around the globe returned to London’s Olympia this morning to attend the second day of Betting on Sports 2017. Despite a previous evening packed with official conference dinners and the official conference party, the expo floor enjoyed another busy day alongside a variety of conference sessions.

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